The price of the PI network challenges the dark expectations throughout the encryption market after gaining 17 % today, April 5, to trade at $ 0.64 with a daily increase of $ 0.701. Pi Coin records an increase in fluctuations, as trading volumes are approaching the weekend of one billion dollars with the battle of buyers and sellers for control. Can this symbol maintain upward momentum? Let’s explore.
The PI network rises amid high trading sizes
The price of the PI network has gained today, as traders seek to make quick profits from Altcoin Data from CoinmarketCap He explains that trading volumes have increased by 92 % in the past 24 hours to 920 million dollars. This increase is in large sizes because it remains higher than Altcoins, such as Cardano, which has 24 hours of 843 million dollars.
The increasing trading volumes are likely to be behind the last price gains recorded by the PI network. This upward trend also paid the market value of Altcoin until 4 billion dollars.
However, the PI is not out of the forest yet. your The last CoingApe article This is reported, this Altcoin may go for a free fall of $ 0.1. Pipe factors, such as the lack of a major exchange list and the sale of the first mines workers, may exercise additional pressure on the sale side on this altcoin.
Will Banxa Partnership support Coin PI gains?
PI announced an official Partnership deal with banxa. This partnership will make the PI easier for merchants by allowing the purchase of this distinctive symbol using the FIAT currency.
This partnership deal may lead the recent gains behind the price of the PI network. However, some community members believe that the PI Core team needs to do more to pay value. Note Dr. B Quinn,
“The PI community needs to accept the current reality of PI. The deeper, the more it takes to return to its highest levels.
Therefore, in order for the PI icon to maintain the current prices, it needs to get more adoption and increase, secure new exchange lists, and maintain the purchase activity.
Technical analysis of the PI network
The PI network price scheme for one hour shows an increase in the purchase activity. The indicators of the Life Management Conference rose to 73, which represents its highest level in weeks. This also indicates that the short -term momentum is very optimistic.
The MACD index also shows a similar look after positive stirring. This also supports the bullish thesis of the PI network code. These upward indicators support positive Pi As long as the purchase side pressure exceeds the pressure side of the sale.
If these gains persist, the target price of this distinctive symbol is the level of 161.8 % of $ 0.90. Beating this target may start the Coin Pi Rally after $ 1.
In short, the price of the PI network is gained today due to an increase in the purchase of activity, with trading sizes approaching one billion dollars. If the purchase activity continues, the PI may accumulate to $ 1 if it turns the resistance at $ 0.90.
Related questions (common questions)
The price of the PI network is gained today due to an increase in purchase. Trading volumes are approaching a billion dollars with the purchase of traders in the gathering.
PI coin can maintain its gains if the purchase activity remains strong. Rally to $ 0.90 will pay the last price $ 1.
The partnership between Pi Network and Banxa seeks to increase Altcoin’s arrival to merchants. Traders will be allowed to purchase PI using FIAT.
Metouni
Muthoni Mary is an analyst and writer in the veteran encryption market that has more than three years of experience in dissecting Blockchain trends, price movements, and market dynamics. Through the acute eye of technical analysis and an in -depth understanding of the scales on the series, it provides insightful -based content that helps investors to move in the world of fast -paced digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: